The President’s hopes for the 4th Industrial Revolution to bring inclusive economic growth in South Africa

SOUTH AFRICA
- Report
09 Jul 2019
by Iraj Abedian

On February 16 2018, a day after assuming office as the 5th President of South Africa, Mr Cyril Ramaphosa delivered his inaugural State of the Nation Address (SONA), admitting that the country has had to function under difficult conditions. Poverty levels have been increasing in recent years after declining significantly following the democratic breakthrough of 1994. In fact, the World Bank stated that the trajectory of poverty reduction was reversed between 2011 and 2015, threatening to erode some of the gains made since 1994. Furthermore, inequality persists, while unemployment has also recently edged higher. This is because the economy has not grown at the pace needed to create meaningful job opportunities so as to lift the people out of poverty. ​

Request A Trial

Browse Coverage

Copyright 2019 GlobalSource Partners. All rights reserved. This Report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This Report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this Report or its contents.